Accounts can be opened by Individuals either singly or jointly and for minor children, etc. Monthly installment is fixed for a certain period starting from 1 year to 10 years. Interest on deposits are compounded on the Terms deposit rates at quarterly intervals. Senior Citizens of 60 years of age and above are paid 0.50% p.a. higher rates than the normal Fixed Deposit Rate fixed by the Bank.
Key Features:
🕒 Flexible Tenure: Choose from a range of deposit periods (12 months to 60 months).
💸 Affordable Monthly Deposits: Start saving with small amounts as per your capacity.
📈 Attractive Interest Rates: Earn competitive interest, compounded quarterly.
🔒 Safe Investment: Backed by the trust and stability of the bank.
🎯 Goal-Oriented Saving: Perfect for planning future expenses like education, marriage, or travel.
Benefits:
Eligibility:
Available for individuals, minors (through guardian), and joint accounts.
How to Apply:
Visit your nearest branch of The Meghalaya Co-Operative Apex Bank Ltd with valid KYC documents and start your RD account today.
